Houlihan Lokey, Inc. (HLI) Financial Statements
Industry: Investment Advice
In fiscal 2026, Houlihan Lokey reported revenue of $2.62B, up 9.5% from $2.39B the year before. Net income was $425.7M (a 16.3% net margin), or $6.22 per diluted share. Operating margin was 20.1%. Operating activities generated $704.1M of cash, leaving $681.8M of free cash flow. At fiscal year end, Houlihan Lokey held $4.31B in total assets against $1.86B in total liabilities, including $1.19B of cash and equivalents.
Open the full interactive Houlihan Lokey financials → Quarterly statements, key ratios, valuation history and price charts.
Houlihan Lokey Key Stats
| Share Price | $129.53 |
|---|---|
| Market Cap | $8.76B |
| P/E Ratio | 20.8 |
| Dividend Yield | 2.08% |
| Revenue YoY Growth | +9.6% |
| 52-Week Range | $122.74 – $198.78 |
| Shares Outstanding | 66.5 million (basic, 2027 Q1) |
Houlihan Lokey Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $1.53B | $2.27B | $1.81B | $1.91B | $2.39B | $2.62B |
| Gross Profit | $521.4M | $795.3M | $557.1M | $571.1M | $772.3M | — |
| Operating Income | $408.2M | $612.9M | $341.7M | $362.9M | $501.5M | $527.0M |
| Pre-Tax Income | $409.2M | $603.9M | $324.0M | $390.5M | $531.3M | $562.3M |
| Income Tax | $96.5M | $165.6M | $69.8M | $110.2M | $131.6M | $138.1M |
| Net Income | $312.8M | $437.8M | $254.2M | $280.3M | $399.7M | $425.7M |
| Diluted EPS | $4.55 | $6.41 | $3.76 | $4.11 | $5.82 | $6.22 |
Houlihan Lokey Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $659.5M | $717.1M | $635.6M | $511.0M |
| Net Income | $111.8M | $116.5M | $99.8M | $78.0M |
| Diluted EPS | $1.63 | $1.70 | $1.46 | $1.15 |
Houlihan Lokey Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $846.9M | $833.7M | $714.4M | $721.2M | $971.0M | $1.19B |
| Total Assets | $2.43B | $2.89B | $2.97B | $3.17B | $3.82B | $4.31B |
| Total Long-Term Debt | $55.9M | $539,000 | — | — | — | — |
| Total Liabilities | $1.04B | $1.44B | $1.36B | $1.33B | $1.64B | $1.86B |
| Shareholders' Equity | $1.38B | $1.44B | $1.61B | $1.84B | $2.17B | $2.34B |
Houlihan Lokey Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $579.8M | $736.6M | $136.3M | $328.5M | $848.6M | $704.1M |
| Cash From Investing | -$99.7M | -$273.9M | -$3.0M | -$70.4M | -$265.1M | $2.2M |
| Cash From Financing | -$26.8M | -$459.1M | -$240.5M | -$250.6M | -$329.1M | -$492.9M |
| Free Cash Flow | $565.7M | $727.9M | $85.5M | $261.7M | $808.9M | $681.8M |
| Dividends Paid | $92.0M | $114.8M | $140.4M | $148.5M | $165.2M | $174.0M |
Figures from Houlihan Lokey's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Houlihan Lokey financials page for every line item.
Houlihan Lokey Company Profile
| Ticker | HLI |
|---|---|
| Exchange | NYSE |
| Industry | Investment Advice |
| Headquarters | Los Angeles, California |
| Fiscal Year End | March 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001302215 |
Frequently Asked Questions
What was Houlihan Lokey's revenue in fiscal 2026?
Houlihan Lokey (HLI) reported revenue of $2.62B for fiscal 2026.
What is Houlihan Lokey's annual revenue history?
Houlihan Lokey's annual revenue by fiscal year: 2021: $1.53B; 2022: $2.27B; 2023: $1.81B; 2024: $1.91B; 2025: $2.39B; 2026: $2.62B.
What was Houlihan Lokey's net income in fiscal 2026?
Houlihan Lokey reported net income of $425.7M for fiscal 2026.
What was Houlihan Lokey's earnings per share (EPS) in fiscal 2026?
Houlihan Lokey's diluted EPS was $6.22 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Houlihan Lokey generate in fiscal 2026?
Houlihan Lokey generated $681.8M of free cash flow in fiscal 2026.
What was Houlihan Lokey's revenue last quarter?
In its most recent reported quarter (2027 Q1), Houlihan Lokey reported revenue of $511.0M.
How many shares of Houlihan Lokey are outstanding?
Houlihan Lokey reported a weighted average of 66.5 million basic shares outstanding in 2027 Q1.
What is Houlihan Lokey's market cap?
Based on its latest closing price, Houlihan Lokey (HLI) has a market capitalization of about $8.76B.
When does Houlihan Lokey's fiscal year end?
Houlihan Lokey's fiscal year end, as registered with the SEC, is March 31.
Where is Houlihan Lokey headquartered?
Houlihan Lokey lists its business address in Los Angeles, California in its SEC filings.